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Newsbit
Dulles, VA, August 3, 1999 -- America Online, Inc., (NYSE: AOL) today
announced a strategic partnership with Radiant Systems, Inc.
(NASDAQ:RADS) for the development of consumer interactive services for
deployment on point-of-sale (POS) devices. The multi-year agreement
provides extensive promotional opportunities at the retail level and
will potentially enable consumers to receive e-mail and other
real-time information at retail locations around the world. As part
of the agreement, AOL will make a strategic investment in Radiant
Systems as well as fund and participate in a new joint venture.
Radiant Systems is a leading provider of integrated technology
solutions that provide business management solutions at the point of
sale for retailers worldwide, including thousands of fuel service
stations, convenience stores, restaurants and entertainment venues.
These systems will increasingly offer consumers interactivity -- be
it checking their e-mail while refueling at a gas station or checking
the latest news, weather or sports while seated in a pizza parlor.
In conjunction with the deployment of Radiant point-of-sale platforms
enabling interactivity, multiple AOL brands will deliver value-added,
consumer interactive services to high-traffic retail establishments
worldwide. One immediate application of the partnership includes
seamlessly integrating AOL Moviefone, the nation's leading movie
listing guide and ticketing service, in Radiant hardware and software
solutions for the movie theater industry.
The agreement is a further example of America Online's 'AOL Anywhere'
strategy in which the Company looks for new and innovative means to
extend AOL's trademark ease-of-use and convenience and become an even
more integral part of people's lives. The partnership also supports
AOL's multiple-brand strategy and provides extensive promotional
opportunities at the retail level.
"We're thrilled to be working with Radiant on new and innovative
platforms to market and deliver convenient interactive experiences to
millions of consumers whether they're online or in line at a movie
theater, restaurant, convenience store or gas station," said Donn
Davis, Chief Operating Officer of AOL Interactive Properties Group.
"We have designed and brought to market a number of interactive
consumer devices, enabling retailers to better serve their customers.
As we finalize our strategy for designing and connecting digital
devices in the retail industry, it has become clear that a strong
alliance with a provider of interactive services would help advance
our vision. Our alliance with AOL will allow us to jointly deliver
interactive services to consumers, and position Radiant Systems and
its clients to benefit from the digital age," said Erez Goren,
Co-Chairman & CEO of Radiant Systems.
About Radiant Systems, Inc.
Radiant Systems, Inc. provides integrated technology solutions to the
retail
industry. These solutions include consumer-activated technologies,
point of
sale systems, site management software, headquarters management
software,
and decision support systems. The Company also provides a full range
of
solution design, implementation, and support services. The Company is
headquartered in Atlanta and has deployed its technology in tens of
thousands of retail sites around the world. For more information
about the
Radiant Systems, visit the website at www.radiantsystems.com.
About America Online, Inc.
Founded in 1985, America Online, Inc., based in Dulles, Virginia, is
the
world's leader in interactive services, Web brands, Internet
technologies, and e-commerce services. America Online, Inc. operates:
two worldwide Internet services, America Online, with more than 17
million members, and CompuServe, with approximately 2 million
members; several leading Internet brands including ICQ, AOL Instant
Messenger and Digital City, Inc.; the Netscape Netcenter and AOL.COM
portals; the Netscape Navigator and Communicator browsers; AOL
MovieFone, the nation's # 1 movie listing guide and ticketing service;
and Spinner Networks and WinAmp, leaders in Internet music. Through
its strategic alliance with Sun Microsystems, the Company develops and
offers easy-to-deploy, end-to-end e-commerce and enterprise solutions
for companies operating in the Net Economy.
Contacts:
Regina Lewis
America Online
703/265-1163
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